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How does the choice of city affect an investor's application for residency in Turkey?

I've heard that gaining residency in big cities like Istanbul is harder for foreigners and it's better to invest in smaller cities like Bursa where buying property is cheaper. I operate my business remotely so it doesn't matter where I reside as long as basic infrastructure is good. What do you suggest?


Answers
  • ADMD Mavioglu & Alkan Law Office
    March 23, 2021

    Choice of city does not necessarily affect an investor's application for residency in Turkey. Although, there are cues, due to more applications in bigger cities, the processing staff is more experienced and the time cost does not necessarily change. As for pricing of property, again, the prices may be lower in smaller or less preferred cities, but that also is true for lesser options available, and as the saying goes, 'you get what you pay for' and the resale value may also be lower.

  • Barlas Law Firm
    March 23, 2021

    There are many cheap properties in Istanbul too. Istanbul is the best option in Turkey to apply for a residence permit since the Istanbul immigration offices work faster than other cities.

  • March 23, 2021

    Yes, cities smaller than Istanbul are relatively cheaper and it may be an alternative idea to invest in other cities. The process for residence permit may be shorter as well, considering the lower number of applications.